1200 LAWS OF MARYLAND. [CH. 581

of stock as aforesaid, the by-laws may fix, or authorize the
board of directors to fix, a date, not exceeding thirty days
preceding the date of any meeting of stockholders, any
dividend payment date or any date for the allotment of
rights, as a record date for the determination of the stock-
holders entitled to notice of and to vote at such meeting,
or entitled to receive such dividends or rights, as the case
may be; and only stockholders of record on such date shall
be entitled to notice of and to vote at such meeting or to
receive such dividends or rights, as the case may be. The
members or stockholders shall have full power to make,
. alter and repeal by-laws, but the board of directors of any
corporation having capital stock may exercise such power,
if there are no shares of stock outstanding and entitled to
vote thereon. If authorized by the by-laws adopted as afore-
said, the board of directors shall have the power to make,
alter and repeal additional and supplementary by-laws not in-
consistent with any of the by-laws adopted as aforesaid, but
any such additional or supplementary by-laws may be altered
or repealed by the members or stockholders.

19. (1) At any time in the interval between regular meet-
Ings, extraordinary meetings of the shareholders or mem-
bers may be called by the president, or by a majority of the
board of directors, or by a majority of the executive com-
mittee (if the by-laws provide for an executive committee,
and confer such power upon such executive committee), upon
ten days' written or printed notice, stating the place, day
and hour of such meeting and the business proposed to be
transacted thereat; such notice shall be given to each share-
holder or member by leaving the same with him or at his
residence or usual place of business, or by mailing it, postage
prepaid, and addressed to him at his address, as it appears
upon the books of the corporation; and no business shall
be transacted at such meetings except that specially named
in the notice.

(2) Unless otherwise provided by the by-laws no notice of
any meeting, regular or extraordinary, need be given to share-
holders or members who are not entitled to vote thereat. This
paragraph (2) shall not be construed as implying that in
the absence of this paragraph notice to such shareholders or
members would be necessary.